BUY HDFC 1755 TRG 1770-1800-1840 SL PAID – NEAL BHAI REPORTS
Shares of HDFC climbed over 3 percent in the morning trade on BSE on October 1 even as a day ago the company said National Housing Bank (NHB) a monetary penalty on it.
“NHB has imposed a monetary penalty of Rs 1,50,000 plus GST on the corporation for non-compliance with two provisions of the Housing Finance Companies (NHB) Directions, 2010 during the financial year 2018-19,” said HDFC in a BSE filing on September 30.
Shares of the company have been in the green since September 25 and if the stock closed higher today, it will be its fifth consecutive session of gains.
Domestic brokerage firm JM Financial has a buy call on the stock with a target price of Rs 2,200.
